The North Central Regional Planning Commission is working hard to ensure current programs continue to operate as seamlessly as possible during this time. Recognizing the impact of Coronavirus (COVID-19) on individuals and businesses in the region, this resource page is intended to provide helpful information. It will be updated as needed.
Business Financial Resources
U.S. Small Business Administration Economic Injury Disaster Loans and Loan Advance
Kansas small businesses are eligible for Small Business Administration Economic Injury Disaster Loan (EIDL) Assistance for economic losses suffered since January 31, 2020 due to COVID-19. The SBA’s Economic Injury Disaster Loan program provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing. There is also an option to apply for an Economic Injury Disaster Loan advance of up to $10,000. The loan advance will provide economic relief to businesses that are currently experiencing a temporary loss of revenue. If eligible, the $10,000 advance/grant will be provided in 3 days.
The North Central Regional Planning Commission Business Finance Program can help businesses impacted in our 12-county service area review eligibility for this program at no charge. In addition, our staff can discuss other funding options that may be available.
More Information: View the Fact Sheet for the U.S. Small Business Administration Economic Injury Disaster Loans. Applicants may apply online, receive additional disaster assistance information and download applications from the SBA.
U.S. Small Business Administration Paycheck Protection Program
The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. Starting April 3, small businesses and sole proprietorships can apply for loans. Starting April 10, independent contractors and self-employed individuals can apply for loans. There is a funding cap, so applying early is encouraged. The program ends June 30, 2020. Contact your local lender to apply
Hospitality Industry Relief Emergency Fund **(Funds Currently Depleted)
**UPDATE from the Kansas Department of Commerce website: Due to the overwhelming initial response, we regret to announce that all our initial funds available through the HIRE Fund have been allocated at this time. However, we are keeping our form open and will continue to collect information from Kansas hospitality businesses on the losses they are facing due to the COVID-19 pandemic.
Kansas is offering the Hospitality Industry Relief Emergency (HIRE) Fund to provide bridge loans for Kansas’ hospitality sector during the COVID-19 crisis. Examples of hospitality businesses include restaurants, bars, lodging facilities, conference centers and event centers. These funds can be used as working capital for business expenses. Learn more at Kansas Department of Commerce.
NCKCN, a NCRPC affiliate, is offering a virtual helping hand to those in need as much as they possibly can during these uncertain times. For those working remotely and those attending classes online from home due to recent events, NCKCN would like to announce that they will be handing out (on a very limited supply and donated “AS IS”) computers to those who need them. NCKCN is also increasing their customer’s Internet speeds who are currently receiving 6Mbps or lower at no additional cost. These are only a couple things NCKCN is doing to help out their local communities. Learn more at NCKCN.
Information from Official Sources